Former CFO of Infosys Mohandas Pai cries foul over GIFT City bar, asks PM Modi to intervene

Mohandas Pai, the former CFO of Infosys, has drawn the central government’s attention to a regulatory decision that disallows family offices to establish investment funds in Gujarat International Finance Tec-City (GIFT).

Pai, who recently slammed the ₹32,000-crore GST demand on Infosys, shared his concern in a post on X (earlier Twitter).

“PM @narendramodi Sir, some regulators think that all Indian citizens are tax evaders and need to be punished. look at what they are doing. You have said you respect tax payers, is this the way to respect honest tax payers? harass them, deny them? Pl intervene,’’ he said.